🔴 reAlpha Tech is trading 7.18% down in after-hours trading after announcing a discounted $0.40-per-share offering

reAlpha Tech is trading at $0.36, down 7.18% in after-hours trading after announcing a discounted public offering.

• Shares closed November 3 at $0.39, down 41.63%.
• The offering covers 4,375,000 shares or pre-funded warrants at $0.40 per share, targeting approximately $1.75 million in gross proceeds. It is expected to close around November 4.
• Proceeds are intended for working capital and general corporate purposes.